China's Dalian Wanda sells 60% of mall unit to PAG-led consortium

China's Dalian Wanda sells 60% of mall unit to PAG-led consortium

People walk on an overpass past the headquarters of Dalian Wanda Group, in Beijing's Central Business District (CBD), China August 8, 2023. REUTERS/Tingshu Wang

A group of investors led by private equity firm PAG announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian Wanda‘s mall unit.